Yard Slang for one billion units in currency. Investopedia Says: The term also refers to "milliard," which is a European term for 1,000 million (a billion).
If a person wanted to buy one billion U.S. dollars, he or she might say, "I would like to buy a yard of U.S. dollars." By using the word "yard" in place of "billion," the person ensures that the counter-party will not misunderstand billion for "million" or "trillion." Related Terms: Currency Exchange Rate Forex Money Repatriation |